Sanne van Esch: what changed
Sanne van Esch
Largest movements
- Cash -€24,146
down €24,146 (-51.1%), from €47,281 to €23,135
mainly Contributions, distributions and other (-€41,176) and Receivables within one year (-€12,543)
- Receivables within one year +€12,543
up €12,543 (+936%), from €1,340 to €13,883
of which Trade receivables: +€9,434
- Deferred charges and accrued income -€6,166
down €6,166 (-96.1%), from €6,419 to €252
- Tangible fixed assets +€1,934
up €1,934 (+26.5%), from €7,312 to €9,246
of which Furniture and vehicles: +€2,526
- Reserves -€20,907
down €20,907 (-36.2%), from €57,746 to €36,838
- Tax, wage and social debts +€2,243
up €2,243 (+298%), from €752 to €2,995
of which Remuneration and social security: +€1,500
- Trade debts +€1,851
up €1,851 (+12,565%), from €15 to €1,866
- Other debts +€978
up €978 (+117%), from €839 to €1,817
- Gross operating margin -€9,468
down €9,468 (-23.6%), from €40,069 to €30,601
- Taxes -€2,248
down €2,248 (-27.6%), from €8,147 to €5,899
- Depreciation +€1,266
up €1,266 (+67.1%), from €1,886 to €3,152
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,351 | €46,516 | -€15,835 | -25.4% |
| Fixed assets | 21/28 | €7,312 | €9,246 | +€1,934 | +26.5% |
| Tangible fixed assets | 22/27 | €7,312 | €9,246 | +€1,934 | +26.5% |
| Plant, machinery and equipment | 23 | €2,449 | €1,858 | -€591 | -24.1% |
| Furniture and vehicles | 24 | €4,862 | €7,388 | +€2,526 | +51.9% |
| Current assets | 29/58 | €55,039 | €37,270 | -€17,770 | -32.3% |
| Amounts receivable within one year | 40/41 | €1,340 | €13,883 | +€12,543 | +936% |
| Trade receivables | 40 | €487 | €9,921 | +€9,434 | +1,938% |
| Other amounts receivable | 41 | €853 | €3,962 | +€3,109 | +364% |
| Cash at bank and in hand | 54/58 | €47,281 | €23,135 | -€24,146 | -51.1% |
| Deferred charges and accrued income | 490/1 | €6,419 | €252 | -€6,166 | -96.1% |
| Total equity and liabilities | 10/49 | €62,351 | €46,516 | -€15,835 | -25.4% |
| Equity | 10/15 | €60,746 | €39,838 | -€20,907 | -34.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,746 | €36,838 | -€20,907 | -36.2% |
| Distributable reserves | 133 | €57,746 | €36,838 | -€20,907 | -36.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,605 | €6,677 | +€5,072 | +316% |
| Amounts payable within one year | 42/48 | €1,605 | €6,677 | +€5,072 | +316% |
| Trade debts | 44 | €15 | €1,866 | +€1,851 | +12,565% |
| Suppliers | 440/4 | €15 | €1,866 | +€1,851 | +12,565% |
| Taxes, remuneration and social security | 45 | €752 | €2,995 | +€2,243 | +298% |
| Taxes | 450/3 | €752 | €1,495 | +€743 | +98.8% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €839 | €1,817 | +€978 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,886 | €3,152 | +€1,266 | +67.1% |
| Other operating charges | 640/8 | €1,198 | €1,450 | +€252 | +21.0% |
| Gross operating margin | 9900 | €40,069 | €30,601 | -€9,468 | -23.6% |
| Operating profit (loss) | 9901 | €36,985 | €25,999 | -€10,986 | -29.7% |
| Financial income | 75/76B | €2 | €25 | +€23 | +1,156% |
| Recurring financial income | 75 | €2 | €25 | +€23 | +1,156% |
| Financial charges | 65/66B | -€105 | -€144 | -€39 | -37.5% |
| Recurring financial charges | 65 | -€105 | -€144 | -€39 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €37,091 | €26,168 | -€10,923 | -29.4% |
| Income taxes | 67/77 | €8,147 | €5,899 | -€2,248 | -27.6% |
| Profit (loss) for the period | 9904 | €28,945 | €20,269 | -€8,675 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,945 | €20,269 | -€8,675 | -30.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.